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Cabral Gold Inc.
Summary
| Project: | Cuiu Cuiu | |
|---|---|---|
| Deposit: | Cuiu Cuiu | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 11/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2019: Cabral Gold Inc. announces an Exploration/Drilling Update report for its Cuiu Cuiu deposit at the Cuiu Cuiu project. Drilling results incl. 16.9m @ 9.6g/t Au from 82.6m. Vancouver, British Columbia--(Newsfile Corp. - November 7, 2019) - Cabral | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Adrian McArthur (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 7, 2019) - Cabral Gold Inc. (TSXV:CBR) ("Cabral" or the "Company") is pleased to provide results from five initial drill holes from the ongoing Phase II drilling program at its Cuiú Cuiú Project, Pará State, Brazil. Cabral is currently in the process of further defining the recently discovered Machichie zone at Cuiú Cuiú (see press release dated February 28, 2019), and also re-evaluating historic high-grade results at MG and Central that were drilled by the previous owner of the project. These previous drill programs at MG and Central were designed to identify bulk tonnage ore deposits amenable to large-scale open-pit exploitation. As a result, drilling was widespread and very little attention was directed towards following up the many higher-grade intervals encountered in those programs. Of 180 drill holes completed from 2008 - 2012, a total of 60 intersected values of +10 g/t gold. Cabral is focussed on defining these higher-grade zones and is in the process of re-evaluating historic high-grade results at MG and Central to examine the potential to exploit high-grade in-pit and underground mineralization that may be economically viable. In order to do so, the first step is to establish the down-dip continuity of historic high-grade results, which were severely and adversely impacted by top-end cutting by the most recent resource estimate (see press release dated June 7, 2018). Historic drill spacings were too broad to allow for separate high-grade domains to be wire-framed. | |
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